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No. of Recommendations: 26
Tootsie Roll is my stock that trails the market each and every year now for about 20 at least it seems.


In any event I invested I think about $3,500 in Tootsie.

Today it is worth about $250,000 or so. Amazing how just living a long life makes up for being a poor investor...and investor who often does that dreaded thing called "lag the market".

And Tootsie is tiny compared to my Berkhire holding, which also trails Mr. Market evidently. I owned a ton of BRK (since 1975) until this year...when I again made a "trail-the-market" decison, I've bought about $1.3 million more of it at a price not far below the current quote!

I keep making mistakes it seems. Did the same way when I sold out to AJ Gallagher 25 years ago, taking stock. Owned 50.1 % of my firm, partners owned the rest. We sold for $2,000,000. It, AJ Gallagher, too underperformed for some time, and really underperformed in the early 2000's when Spitzer got on to the brokerage/agency business. Use your calculator, plug in counting dividends about 18.5% a year return for this often long time often underperformer since we sold.

Stock prices...stare at them long enough and they'll drive your plum crazy.
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